Standard Deduction & Child Tax Credit Doubles, Personal Exemptions Vanish
Part Two of What did the Tax Cuts & Jobs Act Do to My Income Tax? Standard Deduction & Child Tax Credit Doubles, Personal Exemptions Vanish - What it All Means In part one of this series, we covered the changes to the ordinary income tax brackets and rates. Your income is only part of the story in determining how much tax you will pay. Also factoring into the equation is the standard deduction amount, which has nearly doubled, as well as...
